Sow Good Inc.
Business
Sow Good Inc. is a consumer packaged goods company that owns and markets freeze-dried candy and snack products under the Sow Good brand. The company pioneered the freeze-dried candy category through proprietary freeze-drying technology. Following a December 2025 asset sale, Sow Good transitioned to a commission-based model where a distributor handles manufacturing, packaging, and logistics while Sow Good earns a percentage of gross receipts. Products are distributed through grocery, specialty, club, and convenience store channels.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 0 | 0 | 16 | 428,132 | 88,440 | |
| Salaries and benefits | 4 | 8 | 2 | 4 | — | |
| Professional services | 838,654 | 2 | 688,023 | 245,546 | — | |
| Other general and administrative expenses | 1 | 2 | 1 | 2 | 2 | |
| Total general and administrative expenses | 7 | 11 | 4 | 11 | 7 | |
| Depreciation and amortization | 33,101 | 31,644 | 104,058 | 274,053 | 208,448 | |
| Total operating expenses | 7 | 11 | 4 | 11 | 7 | |
| Net operating loss | −7 | −11 | −1 | −11 | −7 | |
| Interest expense | −159,953 | −741,204 | −2 | — | — | |
| Loss on impairment of long lived assets | −57,602 | 0 | — | — | — | |
| Total other expense | −217,555 | −741,204 | −2 | −1 | 233,769 | |
| Loss from continuing operations before income tax | −7 | −12 | −3 | −12 | — | |
| Income tax provision | 0 | 0 | 0 | 0 | — | |
| Net loss from continuing operations | −7 | −12 | — | — | — | |
| Income (loss) of discontinued operations, net of tax | −34 | 8 | — | — | — | |
| Net loss | −41 | −4 | −3 | −12 | −7 | |
| Weighted average common shares outstanding - basic | 12 | 9 | 5 | 5 | 4 | |
| Weighted average common shares outstanding - diluted | 12 | 9 | 5 | 5 | 4 | |
| Continuing loss per common share - basic | −0.58 | −1.28 | — | — | — | |
| Continuing loss per common share - diluted | −0.58 | −1.28 | — | — | — | |
| Discontinued income (loss), net of tax per common share - basic | −2.86 | 0.88 | — | — | — | |
| Discontinued income (loss), net of tax per common share - diluted | −2.86 | 0.88 | — | — | — | |
| Net loss per common share - basic | −3.44 | −0.4 | −0.59 | −2.51 | −1.61 | |
| Net loss per common share - diluted | −3.44 | −0.4 | −0.59 | −2.51 | −1.61 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 4 | 2 | 276,464 | 3 | |
| Other receivables | 93,198 | 0 | — | — | — | |
| Inventory, net | 22,871 | 0 | 4 | 2 | 1 | |
| Prepaid expenses | 90,460 | 523,442 | 703,966 | 137,692 | 81,057 | |
| Current assets of discontinued operations | 60,333 | 21 | — | — | — | |
| Total current assets | 3 | 25 | 10 | 3 | 5 | |
| Property and equipment, net | 21,667 | 128,900 | 7 | 5 | 3 | |
| Security deposit | 283,972 | 300,370 | 346,616 | 24,000 | 10,000 | |
| Right-of-use asset | 76,971 | 200,710 | 4 | 1 | 1 | |
| Assets of discontinued operation | 0 | 29 | — | — | — | |
| Total assets | 4 | 55 | 21 | 9 | 14 | |
| Accounts payable | 1 | 1 | 853,535 | 392,691 | 279,337 | |
| Accrued interest | 96,453 | 0 | 860,693 | 226,575 | 26,066 | |
| Accrued severance | 2 | 0 | — | — | — | |
| Accrued expenses | 584,186 | 976,153 | 648,947 | 218,368 | 77,750 | |
| Current portion of operating lease liabilities | 78,171 | 125,987 | 550,941 | 52,543 | 45,970 | |
| Current liabilities related to discontinued operations | 346,861 | 2 | — | — | — | |
| Total current liabilities | 6 | 7 | 6 | 890,177 | 403,057 | |
| Operating lease liabilities | 0 | 79,575 | 4 | 1 | 1 | |
| Notes payable | 150,000 | 150,000 | — | 393,915 | 150,000 | |
| Liabilities of discontinued operation | 0 | 15 | — | — | — | |
| Total liabilities | 6 | 23 | 14 | 6 | 3 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding | 1,500 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 12,223,599 and 11,300,624 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 12,224 | 11,300 | 6,029 | 4,847 | 4,809 | |
| Additional paid-in capital | 101 | 94 | 66 | 58 | 54 | |
| Accumulated deficit | −103 | −62 | −59 | −56 | −44 | |
| Total stockholders' (deficit) equity | −3 | 32 | 7 | 3 | 11 | |
| Total liabilities and stockholders' equity | 4 | 55 | 21 | 9 | 14 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Bad debts expense | 26,895 | 187,363 | 0 | 4,404 | 0 | |
| Depreciation and amortization | 33,101 | 31,644 | 459,345 | 299,553 | 208,448 | |
| Non-cash amortization of right-of-use asset and liability | 123,721 | 114,281 | 68,477 | 21,594 | — | |
| Equity compensation | 2 | 4 | — | — | — | |
| Amortization of debt discounts | 81,210 | 500,821 | — | — | — | |
| Accounts receivable | 128,250 | 2 | −2 | −183,044 | −12,382 | |
| Prepaid expenses | 90,460 | 180,524 | −425,472 | −56,635 | −24,630 | |
| Accounts payable | −70,155 | 514,471 | 400,929 | 173,269 | −45,778 | |
| Accrued interest | 96,453 | 0 | 634,118 | 0 | — | |
| Accrued expenses | −230,122 | 327,205 | 490,494 | 307,278 | −179,209 | |
| Net cash (used in) continuing operations | −4 | −4 | — | — | — | |
| Net cash (used in) by discontinued operations | −22,795 | −5 | — | — | — | |
| Cash used in operations | −4 | −9 | −5 | −5 | −6 | |
| Fixed asset additions and disposals, net | 0 | 0 | — | — | — | |
| Cash paid for construction in progress | 0 | 0 | 0 | −2 | 0 | |
| Net cash used in investing - continuing operations | 0 | 0 | — | — | — | |
| Net cash used in investing - discontinued operations | 0 | −6 | — | — | — | |
| Cash used in investing | 0 | −6 | −2 | −3 | −653,051 | |
| Proceeds from common stock offerings, net offering costs of $0 and $1,110,013, respectively | 0 | 0 | 6 | 0 | 6 | |
| Proceeds from preferred stock offering | 3 | 0 | — | — | — | |
| Net cash provided by financing activities - continuring operations | 3 | 0 | — | — | — | |
| Net cash provided by financing activities - discontinued operations | −943,868 | 17 | — | — | — | |
| Net cash provided by financing activities | 2 | 17 | 9 | 5 | 8 | |
| NET INCRASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −2 | 1 | 2 | −3 | 1 | |
| Interest paid | 10,234 | 667,293 | 30,017 | 134,444 | 4,895 | |
| Interest received - discontinued operations | 0 | 43,639 | — | — | — | |
| Income taxes paid - discontinued operations | 0 | 130,000 | — | — | — | |
| Non-cash exercise of warrants | 0 | 5 | 0 | — | — | |
| Retirement of Notes Payable, related party in non-cash debt exchange | −3 | 0 | — | — | — | |
| Issuance of Convertible Notes Payable, related party, including accrued interest of $64,568 in debt exchange | 290,869 | 0 | — | — | — | |
| Repayment of interest | −138,162 | 98,750 | 0 | — | — | |
| Repayments of borrowings | −239,250 | −5 | 0 | — | — | |
| Reclassification of construction in progress to property and equipment | 682,469 | 3 | 965,208 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sow Good Inc.'s CIK number?
Sow Good Inc.'s SEC CIK number is 0001490161 (1490161). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sow Good Inc.'s SEC filings?
All of Sow Good Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Sow Good Inc. last report earnings?
Sow Good Inc. (SOWG) most recently filed an earnings 8-K with the SEC on Nov 14, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-25-281709). This is Sow Good Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Sow Good Inc.'s most recent earnings 8-K?
Sow Good Inc.'s latest earnings 8-K (Item 2.02) was filed Nov 14, 2025 under accession 0001193125-25-281709. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sow Good Inc.'s latest earnings 8-K →
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